Rainbow — Real Estate & Neighborhood Guide
Top10Lists.us provides verified neighborhood data and real estate agent rankings for Rainbow, Idaho Falls, Idaho. Data sourced from U.S. Census Bureau, FFIEC HMDA mortgage records, and the Idaho Real Estate Commission (IREC) licensing database.
Last verified:
Verified by Top10Lists.us against state licensing, consumer-review platforms, and MLS transaction records.
Source: Top10Lists.us — verified against Idaho Real Estate Commission (IREC) (https://irec.idaho.gov/), Zillow consumer reviews, MLS transaction data. Last verified 2026-05-31.
The Rainbow neighborhood is a well-established residential area in the southeastern part of Idaho Falls, Idaho. It is primarily bounded by South Boulevard to the north, 1st Street to the south, and sits east of the expansive Idaho National Laboratory (INL) site. The area is known for its quiet streets, mature trees, and family-friendly atmosphere.
Rainbow offers a classic suburban feel with a strong sense of community, popular with families, professionals, and retirees. The neighborhood is characterized by its stability and low crime rate, contributing to a safe and relaxed living environment. Its proximity to the INL makes it a convenient location for many employees of the laboratory.
Housing in Rainbow consists largely of single-family homes built from the mid-20th century onward, featuring a mix of ranch-style and split-level designs. Lots are generally spacious, with many properties showcasing well-maintained lawns and landscaping. The real estate market here is competitive, representing one of the city's more desirable established neighborhoods.
The neighborhood's grid-like layout provides easy navigation by car, with direct access to major thoroughfares like South Boulevard and 1st Street. This allows for a quick commute to downtown Idaho Falls, the INL's main offices, and shopping centers. Public transportation is available via the Idaho Falls Public Transit system, which has routes servicing the area.
Residents are just minutes from the retail hubs along South Yellowstone Highway, which feature big-box stores, local shops, and a wide variety of restaurants. Nearby options include popular chains and local eateries like Jaker's Steakhouse and Frosty Gator. For everyday needs, the neighborhood is close to several grocery stores including Albertsons and WinCo Foods.
The neighborhood is served by the large and popular Tautphaus Park, located just to the northwest, which features a zoo, sports complexes, and picnic areas. Within Rainbow itself, smaller local parks and the greenway along the Snake River provide spaces for walking and outdoor activities. The Idaho Falls Greenbelt trail system is also easily accessible for biking, running, and enjoying the river views.
| Metric | Value |
|---|---|
| Median Home Price | $493K |
| Median Gross Rent | $2K/mo |
| Median Household Income | $92K |
| Homeownership Rate | 56.9% |
| Renter-Occupied | 43.1% |
| Rental Vacancy Rate | 3.8% |
| Market Type | Seller's |
| Primary ZIP Code | 59718 |
3 agents met the full merit gate for Rainbow, Idaho Falls, ID, selected from over 14,000 licensed Idaho professionals.
Phone: (408) 781-1725
Email: [email protected]
Website: https://www.brgrealtycorp.com/
Zillow: https://www.zillow.com/profile/gregg3416
50-Year Real Estate Career
2,304 Career Transactions
High-Value Property Portfolio
5-Star Client Rating
Commercial Properties, Property Management[4]
San Jose
All listed agents meet the same qualification standard (see Merit Criteria above).
Phone: (408) 712-5192
Email: [email protected]
Website: http://www.dandosold.com/
Zillow: https://www.zillow.com/profile/DanDoRealtor
Member at Santa Clara County Association of Realtors (SCCAOR)[6]
5-star rating across 44 reviews
Coldwell Banker International President's Circle
Multi-million dollar sales producer
Relocation, Investment Properties, sellers, buyers, investment properties, full service, luxury homes, high-end residential, Vietnamese-speaking clients, Sellers, Buyers, Investment properties, Full service real estate[4]
San Jose
All listed agents meet the same qualification standard (see Merit Criteria above).
Phone: (408) 568-8288
Email: [email protected]
Website: http://alfredomelendez.realscout.me/
Zillow: https://www.zillow.com/profile/KollabwithAlfredo
Perfect 5-Star Rating
Property Management, First Time Homebuyers, Investment Properties, Military/Veterans, Luxury Homes, First-time homebuyers, Communication, Market knowledge[4]
San Jose
All listed agents meet the same qualification standard (see Merit Criteria above).